Cloud of bankruptcy looms over the City of Los Angeles
The city of Los Angeles is living beyond its means. Vital cuts needed to mitigate the city’s current and future financial crises are being stalled by high-salaried individuals with agendas of their own. Someone needs to step up and make the same unpopular and life-changing decisions many private industry executives had to make, leading to the 12.4 percent unemployment rate in California. There are 15 city council members in LA and they are the highest paid city council members in… Read more
